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Rural Public House FOR SALE

For sale: £575,000.00|4,000 Sq Ft|Pubs/Bars/Clubs, Other, Retail, Licensed & Leisure, Other Property Types & Opportunities

Property details

FOR SALE£575,000.00
SIZE4,000 Sq Ft
ADDRESSThe Bell Inn High Street, Bedford, MK45 5JH
TYPEPubs/Bars/Clubs, Other, Retail, Licensed & Leisure, Other Property Types & Opportunities
TENUREDevelopment Opportunity, Investment Opportunity, For Sale Freehold
POSTED ON18th October 2023

Description

Description
The Bell Inn is positioned on a corner plot between the High Street, Park Road and Greenfield Road. It is an attractive and well presented public house, which is believed to date back to the 17th Century with reworking taking place in the 19th Century.

This Grade II listed property is of a timber framed construction with red brick infill, and modern extension to the rear. The property has undergone a full and extensive refurbishment costing in the region of £150,000, including replacement of roof timbers, a brand new extraction system, kitchen fitout, new interiors and the installation of a walk-in chiller.

The first floor comprises of a living room, lounge area, two shower & WC rooms, three double bedrooms and a fitted kitchen. At second floor level there is further accommodation comprising a double bedroom and interconnecting room/office.

Externally there is a well presented trade patio providing seating for 20-30 patrons. To the rear of the property there is an additional trade patio with jumbrella seating for 30. Furthermore, there is a lawned garden which houses seven picnic benches. Offset to the side of the property there is a gravelled carpark with space for 25 vehicles.

Location
The Bell Inn is prominently positioned on the High Street of the affluent village Westoning, Bedfordshire. The village lies approximately 10 miles south of Bedford, 15 miles east of Milton Keynes and 1.5 miles south of Flitwick. Westoning lies approximately 2 miles north of Junction 12 of the M1 which provides fast road access to the major conurbations of Milton Keynes, Northampton, Luton and Central London via the M25 at Watford. Mainline railway services are available to Central London from the nearby stations of Flitwick and Harlington as well as high speed services to the north from Milton Keynes Central.

Terms
The freehold interest of the property is available to purchase in one of two ways. £575,000: The property will be sold subject to a part repairing and insuring lease, with the Landlord responsible for the foundations and structural walls of the property (excluding external render and cladding). The lease is for a term of 7 years from 8 June 2020. The lease is excluded from the Landlord & Tenant Act 1954. The passing rent as of 08/06/23 will be £54,662 per annum, paid monthly in advance. Rent is subject to annual RPI adjustments in addition. £620,000: Alternatively, the property is available to purchase with vacant possession. This business has proved its worth and has become one of the most popular and busy public house and restaurant businesses in the area, quite often turning 150 covers on a Sunday lunchtime. JustEat proves to be a popular addition to the Bell Inn. The business is now reluctantly for sale so the sellers can concentrate on other businesses within their portfolio. It is our understanding that the weekly gross turnover stands in the region of £8,000 to £12,000 per week, which is inclusive of approximately £3,000 from Just Eat. The Bell has recently received an award for 10,000 orders via the Just Eat app.

Legal Costs
Each party are to bear their own costs.

VAT
Plus VAT at the appropriate rate if applicable.

Rateable Value
The Rateable Value for this property is £18,500. Please note this is not Rates payable.

Location

marker
Location: The Bell Inn High Street, Bedford, MK45 5JH

Harlington (1.4 miles)

Flitwick (1.5 miles)

Lidlington (4.9 miles)

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